Jun 11, 2010

NYC SolarTax Abatements


update 12/7/2013
http://nycblogestate.com/2013/12/solar-empowerment-zones-in-nyc.html

NYC Goal of Reducing Carbon Emissions by 30% by 2030

New York City and Sustainable CUNY have created three Solar Empowerment Zones, strategically selected areas where solar power systems are most beneficial and technically viable, and where development of solar power will be encouraged. Solar power is a reliable, renewable source of electricity for New York City that reduces demand on the City's electrical grid. 

 New York City has over 1.6 billion square feet of rooftops. 

The three Solar Empowerment Zones - on the East Shore of Staten Island, in Downtown Brooklyn, and in Brooklyn's Greenpoint-Gateway section-were designed to reduce peak electricity demand and the associated pollution from dirty plants that operate when demand is at its highest, while also potentially deferring or eliminating the need for costly upgrades to the electrical system. 

Solar Panel Tax Abatements & Installations
  
Record Number of New Yorkers Have Applied for Solar Panel Abatements in 2010. To encourage the use of sustainable technology, the City offers property tax abatements to property owners that install solar panels on their building's rooftops. 

This year, property owners will receive a property tax abatement of 35% of the eligible expenditures over four years with a maximum abatement of $62,500 per year for four years or the building's annual tax liability, whichever is less.

Under the solar panel tax abatement program, solar panels have been installed at 25 buildings across the City, five times the number of systems approved and installed last year. Savings from these installations vary on the size and type of the building.  A single-family house can save approximately $2,600 a year on energy costs.  Property owners can also receive rebates from their utility company

Building owners interested in learning more about the City's sustainable initiatives can visit www.nyc.gov for more information.




 
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4 Responses to " NYC SolarTax Abatements "
  1. Anonymous said...
    June 12, 2010

    We need to get solar more involved in all communities which will help get more homes for sale in ny. I saw that more communities are being built that already are solar ready. I think that can help a lot.

    DZEG.com

  2. John Putnam said...
    June 15, 2010

    Great to see this gaining more momentum. Now more than ever especially with the gulf, renewable energy is so important. Hope this catches on in more major markets.

  3. Anonymous said...
    July 16, 2010

    I like people to be conscience about the environment, but I think it should be left up to the people and not the government.

  4. Property Hanoi said...
    August 26, 2010

    Being one of the busiest cities in the world, NYC might be extremely polluted, as well, so it's nice to know that they are implementing programs that support eco-friendly living and sustainability.

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